AI, Blockchain and IoT to be used in larger projects: IBM

The tech giant company, IBM has said that artificial intelligence (AI), blockchain and Internet of Things will be deployed across more immensely colossal projects. IBM in past used these technologies for the experiment purpose.

“Last year, we saw banks and other partners do a lot of pilots and experiments in areas like AI, blockchain, and the Internet of Things. However, most of these experiments are now complete and we will be seeing these technologies being adopted in larger production-ready projects” Prashant Pradhan, South Asia, and India chief technology officer, was quoted as saying by The Economic Times (ET).

“What a lot of our legacy clients are recognizing is the fact that while they always had the advantage of having a lot of customer data, newer digital companies have done a much better job of anchoring the whole business on insights from that data. Hence, you will see a lot of AI workloads with what you do with enterprise data,” he added.

The power of these three technologies will have high potentials in Education and law sectors.

Sectors like inventory management, retail and telecom are ready to adapt to this powerful combination of technologies. But on the other hand, the healthcare sector is just catching up to adopt it.

In January, IBM assisted insurance companies with their blockchain technology, which helped companies to securely collect information about their customers (claims history, medical history, insurance history). The list of insurance companies included HDFC Life, SBI Life Insurance, etc. Apart from insurance companies, IBM is also running blockchain-based trade finance platform providing in India and South Asia.

The Indian government is also looking to deploy blockchain technology for healthcare, education, and agriculture.

IBM which has expertise in cloud apps is assisting enterprises to move from private apps to public cloud apps.